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The real question though is whether you have V1 or V2 Archos home 7. If you have Archos Home 7 V1, it comes with Cupcake (android 1.5) You have very limited capability
The V2 with Eclair (android 2.1) is usable. BUT, Archos is unique in how they go out of their way to make root either unnecessary, or almost impossible.This is true for each generation of Archos. I have Archos and love it, but find I seldom needed Root.
If you think root will give you access to glorious wonders, you will be disappointed. If you are trying to set up peer/ad Hoc WLAN tethering, it can be done.